Company MSX PLC, a subsidiary of the Stock exchange of Malta (MSE), signed with cryptocurrency exchange Binance a Protocol of intent whereby the parties together to launch the “blockchain island” new platform for trading in tokens representing the securities.

It is expected that with 26 years of experience MSE in the role of the regulated exchange and dynamism as well as international perspective of the business model Binance platform will become an exemplary leader in the industry.

@MaltaStockExch pleased to announce an MOU signed with giant crypto @binance, to set up a security token Exchange.We are becoming a leading crypto centre of excellence. @JosephMuscat_JM @edward_scicluna @SilvioSchembri @cz_binance

— The Malta Stock Exchange (@MaltaStockExch) September 11, 2018

The head of the MSE Joe Portelli (Joe Portelli) believes that this initiative opens the way for the development of a new market, which will push the boundaries of the financial sector of Malta.

Recall that Binance plans to move the office from Hong Kong to Malta, and run their own decentralized crypto currency exchange, it became known in March of this year. Also in this jurisdiction intend to develop the crypto currency exchange OKex, BitBay, DQR Group, AlphaBit and Summer on the “blockchain island” has introduced regulation of the blockchain industry, established the first bilateral bitcoin ATM and launched the world’s first fully adjustable “initial placement of tokens convertible” (Convertible Coin Offering, ICCO).